Business Update16 Sept 2024, 09:30 pm
Oswal Agro Mills to Receive 23 Lakh Sq. Ft. DRC from BMC
AI Summary
Oswal Agro Mills Limited is set to receive approximately 23 lakh sq. ft. area in the form of a Development Rights Certificate (DRC) from the Brihanmumbai Municipal Corporation (BMC). The company owns a 2,47,244.38 sq. mtrs. plot area at village Anik, Chembur, Mumbai, out of which 1,06,847.58 sq. mtrs. has been reserved by the BMC for various public utility purposes. These include a cemetery, hospital, municipal school, playground, garden/parks, and proposed DP Roads. The company has accepted the proposal and handed over the reserved plots against the TDR on 10th September, 2024.
Key Highlights
- Oswal Agro Mills to receive 23 lakh sq. ft. DRC from BMC
- Company owns a 2,47,244.38 sq. mtrs. plot area at village Anik, Chembur, Mumbai
- 1,06,847.58 sq. mtrs. of the land is reserved for public utility purposes
- Reserved areas include cemetery, hospital, municipal school, playground, garden/parks, and proposed DP Roads
- Company has handed over the reserved plots against the TDR on 10th September, 2024